Posted on 11/01/2015 5:50:18 AM PST by SeekAndFind
The Republican presidential candidates were full of tax talk at this week’s debate. But none has a tax plan coherent enough to be the basis of a substantive discussion, let alone one that could meet the nation’s challenges.
Take, for example, the issue of how much revenue any plan would raise or lose. All of the Republican plans focus on tax cuts, so losses are all but inevitable. Quick-and-dirty calculations of proposals from Jeb Bush, Donald Trump, Marco Rubio and Ted Cruz show red ink running into the trillions of dollars.
Yet candidates assert, against historical evidence, that revenue losses from tax cuts will be offset by economic growth. Ted Cruz invoked the Reagan-era tax cuts as a model for success for his 10 percent flat-tax proposal. In fact, President Reagan raised taxes to close the budget deficit that opened up after he cut them in 1981. Ben Carson offered his muddled proposal for a tax equal to 15 percent of gross domestic product, saying it would be appealing to everyone once he “put all the facts down.â€
The tax proposals from Jeb Bush, Donald Trump and Marco Rubio, while not as fantastical as those of Messrs. Cruz and Carson, all make big and broad cuts, mostly to benefit the wealthiest Americans, including an end to the estate tax, cuts in tax rates and enhanced tax breaks for investments. The only way Republican candidates could ever pay for such large tax cuts would be by slashing big spending programs, namely, Medicare and Social Security.
All of these candidates deny fiscal reality. In the next 10 years, revenues will need to increase by 40 percent simply to keep federal spending even, per capita, with inflation and population growth. Additional revenues will be needed to pay for health care for the elderly,
(Excerpt) Read more at nytimes.com ...
No govt funded life support for the NYT.
They never talk about how Democrats plan don’t work because of math
Does anyone take seriously “New York Times” editorials commenting about any Republican plan “not working”?
Ho hum, same old communist lies.
Inaccuracies aside (it’s the NY Slimes, after all), why are these losers so in love with the federal government? Apparently, the cancer that is the federal government is far more important that the little worthless people called private citizens. /s
...“New York Times†editorials commenting about any Republican plan “not working�...
Only Alinsky socialist Communist economic plans work.
Just like what Zero has been doing 7 years.
Only the left-wing hallelujah chorus. But these are the same fellow-travelers who insist that socialism works, “against historical evidence.”
The Lord only asks for 10%
Anything else is BS
But we are stuck with it.
Sharks wont give up thier bite
Fear! Disaster! Evil! Granny and me over the cliff! Hillary will save us from the dastardly Trump and his lowly minions!
Needless to say the New York Times editorial writers take absolutely no notice that Obama has increased the Federal debt by more that $9 trillion , has printed trillions more and continues to deficit spend. They are diseased Obama acolytes. Their lead economic columnist Paul Krugman is seriously mentally ill and more often than not refuse to use his medications.
If only we all would just shut up and take Paul Krugman’s advice the government could just print and spend us to prosperity ...
FUNYT.
L
The minute a Republican candidate comes up with a tax plan to save this Countries out of control spending, here comes the editorials telling Americans how these plans will never work!
Any wonder why most (intelligent) Americans don't read the NYT!
Any tax plan must include the elimination of the IRS. The IRS have proven to the American people it is nothing but a force to be used against political enemies and the employees of the IRS are all to happy to encourage and support the intrusion into Americans private lives while eliminating political competition (Tea Party). The IRS must be eliminated, the American people will never trust their government again without first holding those responsible for these violations and subsequent cover-ups in the IRS and the elimination of same!
Well NY Times, whatever you’ve been selling hasn’t ever worked and stinks to high heaven at least since your crack reporter Walter Duranty reported that the Ukraine mass starvation was merely a well meaning Soviet program to help overweight Ukrainians that went a bit too far. You are an evil organization dedicated to the damnation of the human race that deserves a place in one of the lowest levels of Dante’s Hell. Other than that, have a nice day.
The idea that we can rid ourselves of the IRS, a Cruz proposal, seems a bit naive to me. Even with a massive simplification of the tax code there is still a lot of money to collect and it is not going to just flow magically to the government. Records of who paid, who didn't, who paid too little, who paid to much, who was late, who was early for a hundred million returns or so is not a small taks even with that simplified tax code.
Add to that the complexities inherent in running large and varied businesses that involve large investments in product development, research, oil and mineral exploration, depreciating assets and such. Who will judge the accounting practices for these companies? Can we really simplify the business tax rules to the point where these factors are no longer important to either the government or the companies and corporations?
I don't think so at least without a huge reduction in business and corporate taxes. And that is not going to happen.
Did they write against Bernie Sanders’ socialist spending dreams and how the “taxes don’t work” for his claims???
As with all liberal/”progressive” “math”... the NY Slimes starts with the premise that ALL income/property belongs to the STATE! The “collective”(all powerful state)... then decides how much they “generously” allow us “ordinaries” to keep. The sacred state must NEVER be asked to cut a penny, or “tighted their belt”... that’s YOUR job! Stolen labor used to be called slavery... but now it “fair share”. Sadly, in the GOP debate this leftist/statist premise of state-owned everything was not addressed (and dismissed) directly.
The NY Slimes is run by a bunch of idiots. And that’s being kind.
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